[Adopted 10-17-1978 by L.L. No. 9-1978]
The purpose of this article is to grant incentive
for the expansion of existing businesses in the Village of Massena
by granting tax exemptions to said businesses for periods as specified
herein.
A.
The Assessor shall have the power to carry out and
shall be charged with the duty of carrying out the purpose and intent
of Article 4-A of the Commerce Law, § 485 of the Real Property
Tax Law and the other applicable laws of the state to grant to business
facility owners or operators exemption from taxes and special ad valorem
levies to the extent provided in the aforementioned New York State
laws. Said Assessor shall determine the assessed value of the exemption
pursuant to such state laws and shall grant as an exemption 100% thereof
for the first five years; thereafter, said exemption shall be reduced
to 50% of the original exemption each year for the next five years.
B.
Any assessment so granted shall commence with the
assessment roll prepared on the next following taxable status date
of the Village of Massena.
